Renaissance Zone Tax Credits

Businesses that locate in downtown Fargo may be eligible for tax credits through the Renaissance Zone, a program enacted by the State Legislature in 1999 which encourages investment and development in downtown corridors through the use of tax credits and incentives. The following credits may apply:
1. Five year tax exemption on income derived from a business or investment location within a zone. 
2. Five year property tax exemption on buildings, structures, fixtures and improvements purchased or rehabilitated as a zone project for any business or investment purpose. Land is not exempt.
3. Historic preservation and renovation tax credit from state income tax, for up to 25 percent of the amount invested in the Renaissance Zone project, up to $250,000. Any unused credit can be carried forward up to five taxable years.

For a copy of the Fargo Renaissance Zone Plan and a map of eligible locations, please follow this link.

The Renaissance Zone Program contributes to the vision established by the city of Fargo:

Downtown Fargo is an economically vital, culturally rich mixed-use district where there are well-designed public and private spaces for residents, visitors, employees, and employers, and where an appreciation for the district's historic character and natural amenities is paramount. (www.cityoffargo.com)